The Tax Institute welcomes the opportunity to make a submission in response to the Tax Practitioners Board's (TPB) Exposure Draft Information Sheet TPB(I) D46/2021 Supervisory arrangements under the Tax Agent Services Act 2009 (TASA) (Exposure Draft) issued on 31 May 2021.
We have engaged with our National Technical Committees in the development of our submission and note that we have received no negative feedback in relation to the Exposure Draft. Accordingly, our submission seeks to commend the TPB on the consultation process it has undertaken to enhance the guidance provided on supervisory arrangements. We also recommend an amendment to an example within the Exposure Draft for the TPB's consideration in the finalised document.